SEC Extends Review Period for FINRA's Proposed Data Collection Requirements for Tick Size Pilot Program (Fed. Reg.)

The SEC extended its review period for FINRA's proposals until February 23, 2016. The proposals would (i) adopt FINRA Rule 6191(a) in order to implement the quoting and trading requirements of the Regulation NMS Plan to Implement a Tick Size Pilot Program; (ii) adopt FINRA Rule 6191(b)("Compliance with Regulation NMS Plan to Implement a Tick Size Pilot Program"); and (iii) amend FINRA Rule 7440 ("Recording of Order Information"). Each Notice of Designation of Longer Period for Commission Action on a Proposed Rule Change was published in the Federal Register.